2. The product is …
Goods, Services into the market
Goods Services into the market
attract the attention, buy, consumption
attract the attention buy consumption
meet customer ‘s demands
3. LEVEL of PRODUCT
After ‐ sales
Af l
Core Product
Features
Delivery Actual Product
Brand Design Warranty
Core
Core
Product
Augmented Product
Packing
Quality
y
Credit
(Potential Product)
Install
11. Product Life cycle
Product have a limited life
Product sales pass through distinct stage
Product require different marketing
Product require different marketing
in each life cycle stage
12. Introduction
costs are very high
slow sales volumes to start
slow sales volumes to start
little or no competition
demand has to be created
customers have to be prompted to try the product
14. Growth
Sales volume increases significantly
Profitability begins to rise
fi bili b i i
Public awareness increases
Competition begins to increase
p g
Increased competition leads to price decreases
15. Growth
Continue to inform the public
Keep the price or down a bit, to attract customers
h i d bi
Product innovation, improve service quality
Entering new markets
g
18. Decline
costs become counter‐optimal
costs become counter optimal
sales volume decline
prices, profitability diminish
profit becomes more a challenge of production